Bears Eye View Of Gold
By GCRU Gold News on Thursday, March 5 2015, 23:25 - Permalink
This indicator shows the percentage decline from the latest all time high.
In a bull market the plot hugs the zero percent line as new highs are being hit regularly.
In a bear market it clearly shows the decline & the percentage falls.
As can be seen here the 1975-76 bear market fell almost 50% - so far with this bear it's fallen almost 40%